Introduction of the term Internal Audit
Give a brief introduction of the term Internal Audit and also write down the Role of Internal Audit?
Expert
The internal audit is a constant review of records and operations undertakes in the business and is normally completed by specially assigned employees. It must operate independently of all the internal check and in no case must strip any one of the responsibilities placed upon him. Internal auditing is an independent review activity in an organization for the appraisal of operations as a service to management. It is managerial control that functions by evaluating and measuring the efficiency of other controls.
To accomplish its aims the auditor has to appraisal the subsequent areas:
i) Integrity and Reliability of the information.
ii) Fulfillment with the policies, procedures, plans, laws and regulations.
iii) Protection of assets.
iv) Efficient and Economical employ of resources.
v) Achievement of established aims and objectives for operations or programs.
Hi would you be able to finish this assignment before sunday 11 pm My chosen company is NORFOLK GROUP PTY LTD
find the flowchart to the bradmark sales order and cash
From the case description and the associated flowcharts, assess Bradmark’s internal controls over its expenditure cycle procedures.
Write down the techniques which are used throughout an audit?
Internal Controls: Internal control includes the plan of organization and all of the coordinate techniques adopted within a business to defend its assets, ensure the accuracy and consistency of its accounting data, encourage operational efficiency, an
Briefly explain the term vouching ?
What is the difference between Top line revenue and Bottom line revenue.
Write down the essential principles of an internal audit control system?
Elucidate how to do an internal audit successful?
How does the internal audit vary from an external audit?
18,76,764
1944848 Asked
3,689
Active Tutors
1412109
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!